Enduring Wealth Capital and Insider Entities Invest $75.5M in Cango Inc.

February 12, 2026

Cango Inc. closed a previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited and entered into definitive agreements for approximately US$65 million of additional Class A equity investments from entities wholly owned by Chairman Xin Jin and director Chang-Wei Chiu. The proceeds will be used to support Cango's expansion into AI and computing infrastructure and to strengthen its balance sheet.

Buyers
Enduring Wealth Capital Limited, Fortune Peak Limited, Armada Network Limited
Targets
Cango Inc.
Industry
Energy
Location
Hong Kong
Transaction Type
Growth capital

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